News Formal

Business Outlook Sours in Canada, Complicating Interest-Rate Path

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

The data suggest the Bank of Canada might not need to raise interest rates much further in order to bring demand and supply back into balance

The central bank’s business outlook indicator fell to 0.07 in the fourth quarter, from a revised 1.74 previously. About 70% of businesses see the economy heading into a recession, and more firms than usual expect their sales to decline. Higher interest rates and inflation have also limited the ability of consumers to spend, the bank said in a separate survey.

“The survey data very much suggests that the bank may be quite close to the end of its tightening cycle,” Toronto-Dominion Bank strategists Andrew Kelvin and Robert Both said in a report to investors. Nevertheless, “the bank can ill afford a premature pause in 2023.” Governor Tiff Macklem and his officials have slowed down the pace of rate hikes and signaled that future decisions will depend on economic data. The central bank has already raised borrowing costs by 4 percentage points since last March, bringing the benchmark overnight rate to 4.25%.

The contrast between the deteriorating business outlook and a recent string of stronger-than-expected economic data complicates the bank’s policy response.

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 47. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Bank of Canada to release business outlook and consumer expectations surveys today - BNN BloombergThe Bank of Canada will release its business outlook and consumer expectations surveys this morning.
ソース: BNNBloomberg - 🏆 83. / 50 続きを読む »

Bank of Canada to release business outlook and consumer expectations surveys todayThe Bank of Canada will release its business outlook and consumer expectations surveys this morning.
ソース: CTVNews - 🏆 1. / 99 続きを読む »

The Daily Chase: Awaiting Bank of Canada Business Outlook Survey; Clearco CEO steps down - BNN Bloomberg​We're awaiting a fresh read on business and consumer sentiment this morning, with the Bank of Canada's Business Outlook Survey and Survey of Consumer expectations hitting the tape at 10:30 a.m. EST.
ソース: BNNBloomberg - 🏆 83. / 50 続きを読む »

Bank of Canada's business and consumer surveys show signs of weakening economyWith high inflation and rising interest rates, the Bank of Canada says businesses expect sales to slow as consumers pull back on spending. Destruction by design. Greediness plays the biggest part.
ソース: TheTorontoSun - 🏆 23. / 68 続きを読む »